Managing inventory in retail is challenging, as it requires gathering and working with data from multiple sources, not only internal but also from suppliers and other business partners. With growing demand and disturbance across supply chains, retailers are struggling to keep track of the amount, location, and pricing of products available for their customers. In this article, we will show examples of how can Robotic Process Automation (RPA) be used to streamline inventory management in the retail industry.

With better management of the supply chain, retailers can deliver products to their customers faster and at a lower cost. Globally present enterprises need to consider country-specific politics, trade and tariff law, and international relationships and assure a high level of quality control. The use of Robotic Process Automation (RPA) software is considered to be a good solution for retailers to streamline their processes in supply chain management. In this article, we will analyze specific use cases of RPA that could help retailers.

Global retail sales were projected to amount to around 26.7 trillion U.S. dollars by 2022, up from approximately 23.6 trillion U.S. dollars in 2018. With such growth and disturbances across supply chains that started in 2020, many companies are looking for ways to streamline their business processes, cut costs and improve efficiency. Robotic Process Automation (RPA) software can be a solution to many problems that retailers are facing. In this article, we will show the benefits of process automation in the retail industry.

E-commerce sales are growing rapidly worldwide and with increasing demand, it becomes more challenging for e-commerce companies to keep track of the amount, location, and pricing of products available for their customers. When we add to the picture different business models involving the use of company own warehouses, third-party logistics fulfillment center (3PL), or dropshipping products that are housed in a separate business, proper Inventory Management is essential. In this article, we will show examples of how can Robotic Process Automation (RPA) be used to streamline inventory management in e-commerce.

According to Statista.com, e-commerce sales worldwide are predicted to reach $6.5 trillion by 2023. With growing demand also competition grows, and enterprises are looking for ways to reduce costs and boost sales. One of the best strategies is investing in customer service, which through improved customer experience translates into higher sales, higher client retention, level of loyalty and trust, better recognition and brand awareness, and fewer returns or complaints. In this article, we show use cases of Robotic Process Automation (RPA) for the improvement of e-commerce customer service.

According to the Grand View Research report “global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027”. With even faster growth in 2020 than was anticipated, due to increased online sales, resulting from closures and limitations, companies have to deal with additional work, often manual in nature. Robotic Process Automation software can be a solution for many companies that are working with legacy systems and struggle to scale up their operations without looking for new employees.